What should I expect for tax season?
Sydecar delivers Schedules K-1s (and K-2 / K-3 as applicable), to deal leads and investors by March 15th each year. If there is no taxable activity in the SPV for that year, Sydecar will not prepare Schedules K-1, K-2 or K-3, unless specifically requested.
Sydecar also files tax forms for the SPV itself. Since the Master Series LLC is filed as a partnership, this means that we file a 1065 partnership tax return.